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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Pilbara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-8-2017: De Grey Mining Ltd. announces a Scoping Study report for its Pilbara deposit at the Pilbara project. Scoping study results for the Pilbara Gold Project. De Grey Mining Limited (ASX: DEG) is encouraged by the outcomes of this Study and the potent | |
| Resources: | (Resource, Total): 18.84Mt @ 1.7g/t Au for 1.0Moz Au contained | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG) is encouraged by the outcomes of this Study and the potential for significant improvements as identified within the Study. The Company has commenced Pre Feasibility Study activities. On-going work programs currently underway are anticipated to add substantial value to the overall project, as additional resources are defined and included into the mine scheduling, metallurgical characteristics are confirmed and optimised, and assessment commences on other value add evaluations. De Grey’s Chairman, Mr Simon Lill, commented: “The Scoping Study results, using reasonable assumptions, are highly encouraging. The Project currently shows a 5-year open pit mine life, but there is clear potential for significantly increased cash flow through increases in mine life, which we expect to achieve through the Company’s current resource program. Further substantial upside is seen in improved mine scheduling, increased economies of scale, inclusion of low capital cost heap leaching of low grade mined material and potentially improved recoveries within the sulphide material.” | |
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